#USChinaTradeTalks

The latest U.S.-China trade deal, reached in May 2025 during talks in Geneva, involves a temporary easing of tariffs and a commitment to ongoing dialogue. Both countries agreed to suspend 24 percentage points of their additional tariffs for 90 days, retaining a 10% baseline tariff on each other’s goods. The U.S. suspended some tariffs imposed in April 2025 but kept earlier tariffs, including those related to national security and fentanyl. China also suspended retaliatory tariffs and non-tariff countermeasures against the U.S. for the same period.

The deal includes a mechanism for continued negotiations, with representatives from both sides meeting regularly to address trade issues. This agreement aims to reduce trade tensions and restore critical supply chains, including rare earth minerals vital to U.S. industries. However, the tariff relief is temporary, and many high tariffs remain in place, with ongoing talks expected to determine longer-term arrangements.

Recent talks in London in June 2025 are continuing efforts to build on this deal, focusing on issues like export controls and ensuring China meets its commitments, especially on rare earth mineral shipments.